Roey_

XAUUSD: 1967-1940(1950-1955)

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar

In the 2h chart, MACD has a golden cross trend. It is necessary to observe the support of 1950 and the resistance of 1955. If the support falls below, the formation of this golden cross will fail, and it will continue to fall. It is expected that there will be support near 1940. If the 1950 support is valid and the golden cross is formed, it is expected to reach around 1963-1969, so today's trading is done in the 1967-1940 range.

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